Form 4: Franklin Electric Executive Jonathan M. Grandon Sells Shares
SEC Filing
Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., sold 1,391 shares of common stock on June 6, 2024.
Summary
- On June 6, 2024, Jonathan M. Grandon, Chief Administrative Officer of Franklin Electric Co., sold 1,391 shares of the company's common stock.
- The sale was executed at a price of $98 per share.
- Following the transaction, Grandon directly owns 18,103 shares of Franklin Electric, including restricted shares vesting at various dates.
Sentiment
Score: 5
Explanation: Neutral. This is a standard Form 4 filing, indicating an insider stock sale. The impact depends on the size of the sale relative to the insider's holdings and overall trading volume.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of the transaction: Jonathan M. Grandon sold 1,391 shares of Franklin Electric common stock. |
| 2/24/2025 | 1,895 restricted shares vest. |
| 2/16/2026 | 1,555 restricted shares vest. |
| 2/22/2027 | 1,715 restricted shares vest. |
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